Jamal's business makes use of a petty cacti book. On 1 February 2014 the balance of petty
Question:
Jamal's business makes use of a petty cacti book. On 1 February 2014 the balance of petty cash in hand was $14.55. The petty cash book operates with an imprest of $220 and with the following analysis columns:
• Postage
• Stationery
• Vehicle expenses
• Casual labour
• Office expenses
• Purchase ledger accounts.
During February 2014 the following petty cash transactions occurred.
Prepare the petty cash book for February 2014 and total the analysis columns.
Transcribed Image Text:
Voucher number Feb 1 Petty cashier received cash to restore the imprest 2 141 Stationery $9.70 8 142 Vehicle fuel $35.50 10 143 Postage $11.10 13 144 Casual labour $38.25 15 145 Office expenses $8.42 146 Trade payable, Ryan & Co Ltd, $17.11 18 21 147 Vehicle fuel $34.22 23 148 Trade payable, BY Soott, $9.28 25 149 Postage $8.56 26 150 Casual labour $21.80
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 25% (4 reviews)
The petty cash book is used to track small transactions in a business It is important to maintain accurate records of petty cash transactions to ensur...View the full answer
Answered By
Aketch Cindy Sunday
I am a certified tutor with over two years of experience tutoring . I have a passion for helping students learn and grow, and I firmly believe that every student has the potential to be successful. I have a wide range of experience working with students of all ages and abilities, and I am confident that I can help students succeed in school.
I have experience working with students who have a wide range of abilities. I have also worked with gifted and talented students, and I am familiar with a variety of enrichment and acceleration strategies.
I am a patient and supportive tutor who is dedicated to helping my students reach their full potential. Thank you for your time and consideration.
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
Question Posted:
Students also viewed these Business questions
-
The following purchase transactions occurred during February for Crystal Catering Service: Feb. 11. Purchased party supplies for $440, on account from Celebration Supplies Inc. 14. Purchased party...
-
On October 1, 2016, Ellis Company establishes an imprest petty cash fund by issuing a check for $150 to Pat Harmon, the custodian of the petty cash fund. On October 31, 2016, Pat Harmon submitted the...
-
Consider a process where a fraction p (if p = .07 then 7 parts out of 100 parts are defective) of the items processed turn out defective. Suppose a defective item has two particular types of defects...
-
In a survey of 2230 U.S. adults, 1272 think that air travel is much more reliable than taking cruises. Construct a 95% confidence interval for the population proportion of U.S. adults who think that...
-
Use the solubility rules to predict if each double-replacement reaction will occur and, if so, write a balanced chemical equation. a. K3PO4 + SrCl2 ( ? b. NaOH + MgCl2 ( ?
-
Journalize correcting entries for each of the following errors and include a brief explanation. a. A cash purchase of office equipment for $ 680 was journalized as a cash purchase of store equipment...
-
Explain why an investor would be prepared to require a lower return on a risk-free share for a share with a negative .
-
A company could sell a building for $250,000 or lease it for $2,500 per month. What would need to be considered in determining if the lease option would be preferred? Discuss in detail.
-
16. a) In how many ways could you choose two fives, one after the other, from a deck of cards? b) In how many ways could you choose a red five and a spade, one after the other? c) In how many ways...
-
Commuter ridership in Athens, Greece, during the summer months is believed to be heavily tied to the number of tourists visiting the city. During the past 12 years, the data in the table at the top...
-
Calculate the amended profit/loss James has prepared a draft income statement for his business for the year ended 31 December 2014 that shows a profit for the year of $4970. He then discovers the...
-
The following information is available about a business's transactions with its suppliers of goods for resale. What was the total value of purchases of goods for resale during the year? A. $34,000 B....
-
Find the volume of revolution for the region in Exercise 51, but revolve around y = 3. Data From Exercise 51 Find the volume of the solid obtained by revolving the region between the graph of y 2 x...
-
What are the main objectives of a marketing plan for a Health Service? Explain these objectives in detail and provide references also.
-
Turquoise Company manufactures kids' bikes. It had estimated that it would manufacture 150 bikes per month. The standard set for direct labor hour per bike was 13 hours, and the standard rate per...
-
How did the Share a Coke marketing campaign meld together Coke's strong global brand with localization to a particular national market and personalization? Did the campaign weaken the global brand or...
-
Research and discuss a cause marketing campaign that impressed you. In your discussion include: The for-profit brand, The charity (not for profit), Why this association works to support the...
-
Assume Alan incurred a $ 4 5 0 0 operating loss the remaining assets are sold to the value shown on the books and the cash proceeds are distributed to the creditors and investors how much money will...
-
Suppose the federal government increases spending without also increasing taxes. In the short run, how will this action affect real GDP and the price level in a closed economy? How will the effects...
-
Select the correct answer for each of the following questions. 1. On December 31, 20X3, Saxe Corporation was merged into Poe Corporation. In the business combination, Poe issued 200,000 shares of its...
-
Considering the nature of retail buying, outline the basic ingredients of promotion to retail buyers. Does it make any difference what kinds of products are involved? Are any other factors relevant?
-
The government market is obviously an extremely large one, yet it is often slighted or even ignored by many firms. Red tape is certainly one reason, but there are others. Discuss the situ a tion and...
-
The government market is obviously an extremely large one, yet it is often slighted or even ignored by many firms. Red tape is certainly one reason, but there are others. Discuss the situ a tion and...
-
Fishing Tours Ltd. is a 75% owned subsidiary of Boat Rentals Ltd. On January 1, 2012, Fishing Tours sold a boat to Boat Rentals Ltd. for $80,000, recognizing a gain of $30,000. Boat Rentals...
-
Borrowed 100000 from the bank by signing a $104000 six month non interest bearing noteA) Do assets increase, decrease, or is there no effect?B) Do Liabilities increase, decrease, or is there no...
-
Kandis Plc Ltd. pays an hourly labor rate of $17.20 in the production of its boom boxes. EPrestwich Company has budgeted production for next year as follows: Picture Two pounds of material A are...
Study smarter with the SolutionInn App